"Specialization based on comparative advantage leads to mutual gains in trade."
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About Bertil Ohlin
Bertil Ohlin was a Swedish economist and politician who was awarded the Nobel Memorial Prize in Economic Sciences in 1977. He is best known for developing the Heckscher-Ohlin model, which explains the patterns of international trade and the distribution of goods. Ohlin served as a professor of economics at the Stockholm School of Economics and held various government positions, including Minister for Trade. His work significantly impacted the field of international economics and trade theory.
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"International trade is ultimately driven by differences in factor endowments."
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